Corporate Social Responsibility (CSR) as an Instrument of Economic Justice
DOI:
https://doi.org/10.62872/3znftz38Keywords:
corporate governance, economic justice, inclusivity, sustainabilityAbstract
This study examines Corporate Social Responsibility (CSR) as a strategic instrument for achieving economic justice in the context of global corporate transformation. The research adopts a qualitative descriptive approach focusing on the economic institutional framework to analyze how CSR contributes to redistributive mechanisms, economic empowerment, and inclusive growth. Data were collected through semi-structured interviews with CSR managers from multinational companies in the energy, mining, and manufacturing sectors, complemented by secondary data from sustainability reports and global policy documents such as those by the OECD, UNDP, and GRI. The findings reveal that CSR has shifted from philanthropic activities toward a strategic economic mechanism capable of reducing inequality and fostering social inclusion. Firms that integrate CSR into their core economic strategy exhibit higher levels of supply chain resilience, stakeholder trust, and community welfare. The study also highlights that empowerment-based CSR programs, particularly those supporting local entrepreneurship and inclusive digitalization, significantly improve community income and business performance. Furthermore, CSR is found to drive long-term corporate transformation through sustainability-oriented innovation and stakeholder capitalism, aligning business profitability with distributive justice and institutional resilience. In conclusion, CSR functions not only as a moral obligation but also as a redistributive economic policy tool essential for achieving sustainable and equitable growth in the global economy.
Downloads
References
1. Adams, J. S. (1965). Injustice in social exchange. Advances in Experimental Social Psychology, 2, 267–299.
2. Braun, V., & Clarke, V. (2019). Reflecting on reflexive thematic analysis. Qualitative Research in Sport, Exercise and Health, 11(4), 589–597.
3. Carrera, A. (2022). CSR and economic equity in emerging markets: Linking redistribution and sustainability. Sustainability, 14(19), 12345.
4. Chen, Y., Hung, M., & Wang, Y. (2021). Corporate social responsibility and economic inequality. Journal of Accounting and Economics, 71(2–3), 101383.
5. Chatterjee, S., & Mitra, S. (2022). Corporate social responsibility, ethics, and stakeholder governance in the post-pandemic economy. Journal of Business Ethics, 179(4), 789–805.
6. Chipriyanov, M., Sidorova, E., & Kuznetsov, D. (2024). Corporate social responsibility and economic justice in global firms. Corporate Governance: An International Review, 32(1), 45–62.
7. Creswell, J. W., & Poth, C. N. (2018). Qualitative inquiry and research design: Choosing among five approaches (4th ed.). Thousand Oaks, CA: Sage.
8. Deloitte. (2023). Global human capital trends: Navigating the new world of work. London: Deloitte Insights.
9. Global Reporting Initiative (GRI). (2022). The role of corporate sustainability in advancing economic justice. Amsterdam: GRI Publications.
10. Kim, Y., Park, M. S., & Wier, B. (2021). Corporate social responsibility and firm value: Evidence from Asia-Pacific multinationals. Journal of Business Ethics, 173(2), 365–384.
11. Lau, A., Lee, K., & Li, Y. (2021). CSR implementation gaps in Asian economies: Institutional and strategic perspectives. Asia Pacific Journal of Management, 38(4), 1123–1142.
12. Lincoln, Y. S., & Guba, E. G. (1985). Naturalistic inquiry. Beverly Hills, CA: Sage.
13. Matten, D., & Moon, J. (2020). Reflections on 50 years of corporate social responsibility. Business & Society, 59(6), 1077–1107.
14. OECD. (2021). Inequalities in a post-COVID world: Rebuilding inclusive economies. Paris: OECD Publishing.
15. Porter, M. E., & Kramer, M. R. (2019). Creating shared value revisited. Harvard Business Review, 97(1), 66–77.
16. Purnamawati, I., Nugraha, R., & Setiawan, E. (2023). CSR and local economic empowerment in Indonesia: Evidence from mining companies. Journal of Multiparadigm Accounting, 14(2), 244–260.
17. Rupp, D. E., Mallory, D. B., & Choi, J. N. (2024). CSR as a driver of organizational justice and sustainable governance. Human Resource Management Review, 34(1), 100987.
18. Sen, A. (1999). Development as freedom. New York: Alfred A. Knopf.
19. Tziner, A., Fein, E. C., & Ravid, S. (2024). CSR, employee fairness perceptions, and organizational commitment: Pathways to sustainable performance. Sustainability, 16(5), 4143.
20. UNDP. (2023). Corporate responsibility and economic inclusion report. New York: United Nations Development Programme.
21. United Nations. (2022). Sustainable development goals progress report. New York: UN Publications.
22. World Economic Forum. (2020). Measuring stakeholder capitalism: Towards common metrics and consistent reporting of sustainable value creation. Geneva: WEF.
23. Yin, R. K. (2019). Case study research and applications: Design and methods (6th ed.). Thousand Oaks, CA: Sage.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Berilian Ayu Kusuma, Sri Wahyuni Jumadi, Pramidazzura Alifa Rifqi (Author)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
